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ESM.TO ·

Euro Sun Appoints Peter Vukanovich and Paul Perrow to Board of Directors

Management Changes

News Release

66 Wellington Street West, Suite 5300, TD Bank Tower Box 48, Toronto ON M5K 1E6, Canada.

EURO SUN APPOINTS PETER VUKANOVICH AND PAUL

PERROW TO BOARD OF DIRECTORS

June 30th, 2020

Toronto, Ontario

Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce it

has added M r. Peter Vukanovich and Mr. Paul Perrow to its board of directors effective

immediately.

Mr. Vukanovich is an entrepreneurial leader who has built teams that delivered growth through

different business cycles over the last 30 years. He currently leads PMV Consulting Inc., a

company which provide s advisory services to several financial services clients. Over a fifteen-

year period h e held a number of senior executive roles with Genworth Financial Canada/GE

Capital Mortgage Insurance Canada, including the President and CEO. He was also Senior Vice

President for Teranet Inc.’s Commercial Soluti ons division and served as President and CEO of

CFF Bank (now Home Bank), a federally regulated Canadian bank. Mr. Vukanovich is a

Chartered Professional Accountant, holds a Bachelor of Commerce degree from the University

of Toronto and has been a member of numerous boards and advisory committees. He is also on

the Board of TSX listed Real Matters Inc.

Mr. Perrow has over 30 years of valuable experience in the asset management industry. Mr.

Perrow was Senior Vic e President, Director of Sales and Marketing with CI Investments Inc.

until December 1996. He has held several other senior industry positions including Managing

Partner of Red Sky Capital, Co -Head and Managing Director of Merrill Lync h Investment

Managers Canada, Co -Founder and President of Fairway Capital and President and CEO of

BluMont Capital. He is a current ly a board member of CI Financial and the Holland Bloorview

Kids Rehabilitation Hospital Foundation.

Scott Moore, CEO of Euro Sun stated; “ We are excited to have added two outstanding new

board members to the company. Their years of senior management experience and governance

expertise not only broadens the skills of the board but continues demonstrating the

independence of the Board.”

The Company also announces that it has granted a total of 4,950,000 options under the rolling

stock option plan of the Company to various officers, directors, employees and consultants of

the Company. The o ptions shall vest 50% immediately and 50% on January 1, 202 1 and are

subject to regulatory approval. The options are exercisable at $ 0.39 per option and the options

shall expire five years from the date of grant.

About Euro Sun Mining Inc.

Euro Sun is a Toronto Stock Exchange listed mining company focused on the exploration and

development of its 100%-owned Rovina Valley gold and copper project located in west-central

Romania, which hosts the second largest gold deposit in Europe.

For further informati on about Euro Sun Mining, or the contents of this press rele ase, please

contact Investor Relations at [email protected]